Sensex Ends Flat in Choppy Trade Ahead of F&O Expiry

The 30-share index, which had gained 523.74 points in the previous two sessions, edged higher by 6.44 points, or 0.03 per cent, at 24,492.39.

Published: 27th January 2016 05:28 PM  |   Last Updated: 27th January 2016 05:29 PM   |  A+A-


Bombay Stock Exchange (File|Reuters)


MUMBAI: The benchmark Sensex remained range-bound in a choppy trade today, but rose for the third session by edging up over 6 points as investors preferred to stay light ahead of the January expiry in the derivatives segment tomorrow amid a mixed trend overseas.

Caution prevailed on sustained outflows by foreign funds and a mixed trend in global markets ahead of the outcome of the US Fed's two-day policy meet later in the day, brokers said.     

Moreover, a weaker rupee, which depreciated 24 paise to 68.07 against the dollar (intra-day), weighed on sentiment.

The 30-share index, which had gained 523.74 points in the previous two sessions, edged higher by 6.44 points, or 0.03 per cent, at 24,492.39. The gauge had surged nearly 160 points to touch the day's high of 24,645.70 and a low of 24,458.13, intra-day.

The broader NSE Nifty after shuttling between 7,477.90 and 7,419.70 finally settled higher by 1.60 points, or 0.02 per cent, at 7,437.75.

Trading sentiment, which remained upbeat at the outset in tandem with a firming trend at other Asian bourses and overnight gains in the US on the back of a rally in crude oil, turned somewhat weak as participants rushed to lock in gains ahead of tomorrow's monthly expiry, which wiped off the gains.      Foreign portfolio investors net sold shares worth Rs 91.15 crore on Monday, as per provisional data from stock exchanges. Stock Exchanges were closed yesterday for the Republic Day.

Support came from gains in NTPC, Dr Reddy's, Sun Pharma, Tata Steel, Tata Motors, Wipro, ITC Ltd, SBI, GAIL, TCS, Maruti Suzuki, ICICI Bank and Infosys.

However, BHEL, Asian Paints, Hindustan Unilever, Hero MotoCorp, Adani Ports, Axis Bank and Bajaj Auto succumbed to profit-booking towards the fag end.

Globally, a mixed closing at other Asian markets and Europe deepened the monthly rout as disappointing earnings reports reignited investor concerns about global growth prospects. Oil resumed its downward trend, which too dampened mood.

Among BSE sectoral indices, power gained the most by rising 1.61 per cent, followed by realty (1.08 per cent), infrastructure (0.74 per cent), healthcare (0.69 per cent), PSU (0.68 per cent) and metal (0.34 per cent).

On the other hand, broader markets outperformed as investors widened their positions, with the small-cap index rising 0.57 per cent and mid-cap index 0.30 per cent.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp